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AUD/NZD smashing the doors of 1.11 down

FXStreet (Barcelona) - AUD/NZD is trading at 1.1131, up 0.58% on the day, having posted a daily high at 1.1139 and low at 1.1066.

AUD/NZD has been recovering post the Australian CPI readings yesterday in the US session and its fuel tank has been filled up on the back of misses in the NZ CPI data just released. Consumer Prices Index (3Q) came in lower than expected at 1.0% y/y vs 1.2% estimated and 1.6% prior. We also got a reading of 0.3% q/q vs 0.5% estimated and 0.3% previous. The pair has moved up through the 1.11 handle and through R3. 1.1170 marks next key barrier ahead of the 1.12 psychological level

AUD/NZD noteworthy levels

Current price is 1.1133, with resistance ahead at 1.1134 (Weekly Classic R1), 1.1139 (Daily High), 1.1226 (Weekly Classic R2), 1.1256 (Monthly High) and 1.1260 (YTD High). Next support to the downside can be found at 1.1126 (Daily Classic R3), 1.1093 (Daily 20 SMA), 1.1089 (Daily Classic R2), 1.1080 (Yesterday's High) and 1.1069 (Daily Open).

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